Form 4: JPMorgan Chase Director Phebe Novakovic Acquires Shares Through Retainer Deferral

Phebe Novakovic, a director at JPMorgan Chase & Co., acquired shares of common stock on September 30, 2024, through a deferral of her quarterly retainer.

Summary

• On September 30, 2024, Phebe Novakovic, a director of JPMorgan Chase & Co., acquired shares of common stock.
• The acquisition was a result of deferring her quarterly retainer, payable in common stock following the termination of her service as a director.
• Novakovic acquired 177.8431 shares at a price of $210.86 per share.
• Following the transaction, Novakovic beneficially owns 10,311.2071 shares of JPMorgan Chase & Co. common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It reflects a routine transaction related to director compensation. There is no indication of significant positive or negative implications for the company.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future performance.

Industry Context

Directors often receive compensation in the form of company stock, aligning their interests with those of shareholders. This transaction reflects a common practice of deferring retainers into stock, which can be seen as a long-term investment in the company's success.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it is a routine part of director compensation.

Key Dates